After seeing a huge move last week, BTC has reached the lowest weekly RSI reading in history. This will most likely stop aggressive shorting and give way for investors to buy the dip.
In my view, we can see a move to
23K or potentially even $26.5k in the coming weeks. However, I think that this will again be a dead-cat bounce which will result in another bearish move which will bring us below $15k.
Nevertheless, some great short-term pumps can be expected if BTC will stop from dumping further.
See below for my longer-term BTC outlook.
In my view, we can see a move to
23K or potentially even $26.5k in the coming weeks. However, I think that this will again be a dead-cat bounce which will result in another bearish move which will bring us below $15k.Nevertheless, some great short-term pumps can be expected if BTC will stop from dumping further.
See below for my longer-term BTC outlook.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.